The residential housing market is undoubtedly on fire.  With the job market strengthening daily, home sales continue to increase and are now at their second highest pace since February 2007. Buyer demand is very strong and many real estate professionals are reporting bidding wars that cause many homes to sell above listing price. What about your house?

If your house has not sold, it is probably because of the price!!

If your house is currently on the market and you are not receiving any offers, start by looking at the look at your listing price. Studies show that pricing your home just 10% above market value will dramatically lessens the demand for your house, compared to the competition and will ultimately end up with a lower sales price, after it remains on the market for an extended period. (See chart below)

The Takeaway

The housing market is definitely on fire. If you are not seeing the results you want, sit down with your agent and discuss whether a price reduction might be in order.

Call or text me today at 727.755.3434 and I would be glad to set up a time to talk with you about implementing a proper market strategy and the right pricing to sell your house!!